Five AIG execs say may quit over pay
Threat or promise? Here’s some advice to AIG’s executives…..don’t let the door hit you in the butt on the way out. I doubt I’m the only American who is sick of the threats from business executives when they don’t get their way.
A week after the first bailout, execs went to the St. Regis Resort in California for a week to get some headspace and chill out, spending $440,000 in all, including $23,00 on spa treatments.
OMG, these guys may not be able to afford their spa treatments if they get a cut in pay. I’ll take a microsecond to feel sorry for them.
Five senior executives at American International Group told the bailed-out insurer last week they may quit if their compensation was cut significantly by the U.S. pay czar, the Wall Street Journal reported.
The five senior AIG executives indicated on December 1, in written notices, that they were prepared to leave by year-end, the paper reported, citing unnamed sources. Two of them changed their minds over the weekend, the paper added.
AIG, which was propped up by the government with some $180 billion in taxpayer funds, has been sparring with the Obama administration’s pay czar, Kenneth Feinberg, over executive compensation.




December 7th, 2009 at 6:18 pm
This is the best news I’ve heard ! C U suckers LATER !
December 7th, 2009 at 11:01 pm
I agree with you Ali, I hope they quit soon, who’s gonna hire them? Maybe they can do some consulting work for the GOP!, or the new 3rd party, the tea baggers! Speaking of that, can you believe this poll?
http://www.rasmussenreports.com/public_content/politics/general_politics/december_2009/tea_party_tops_gop_on_three_way_generic_ballot
Sage Reply:
December 7th, 2009 at 11:24 pm
There are some seriously screwed up people in this country. Democrats attracting 36% of the vote. The Tea Party candidate picks up 23%, and Republicans finish third at 18% Really? The tea party candidate? I’m stunned.
December 7th, 2009 at 11:27 pm
This is the kind of news story that’s fun to tell other people. My parents laughed at the pizza delivery to the edge of the woods.